This is the largest batch of plated steel destined for the American country after the Comprehensive and Progressive Agreement for Trans-Pacific (CPTPP) came into effect.

The group said that in the context of unpredictable price fluctuations of hot rolled steel exerting immense pressure on the steel industry in recent times, Hoa Sen has adopted various measures to develop both domestic and foreign markets.

Hoa Sen Group shipped the largest batch of plated steel to Mexico

In the 2017-2018 fiscal year, Hoa Sen raked in USD 538 million from exports, up 27 percent from the previous fiscal year. Its products have been present in more than 75 countries and territories so far. Additionally, the corporation is targeting exports to several markets with high standards, like the Americas, Europe, and Africa.

Some 60,000 tons of Hoa Sen-branded products are sent overseas each month, most of them to CPTPP member states, particularly Australia, Mexico, Canada, and Malaysia.

The same day, the Hoa Sen Nghe An plant signed a VND 200 billion credit contract with the Ho Chi Minh City Development Joint Stock Commercial Bank (HD Bank) to promote the development of the facility.

Source: VNA